KNTV NBC Bay Area News At 6 September 26, 2014
Now many victims fear their insurance premiums might also go up with all the property crimes. San jose state professor tom means says its simple economics. So in the aggregate, if there is a structural increase in these types of crimes and so forth, then insurance rates will go up. For any particular company, maybe some will go up and some will go down relative to others. But this the aggregate, the rates have to go up. Reporter professor means says Insurance Companies make decision on premiums independently. So some homeowners may see the premiums go up, while others might not. And when you l...